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Global Economy = Global Recession/Depression? - 5/23/2010 6:40:28 PM   
Marini


Posts: 3629
Joined: 2/14/2010
Status: offline 		We hear so much about the wonderful "global economy".

I and many others would not be surprised to see a "global recession/depression".
That way many countries can all go downhill "together".
We shall soon see what exciting things happen in the stock market in the next few months, years.
 
Anyone else think, many countries in this "global economy" will partake in a "global recession/depression"?
Of course, many of us believe "it" has already started and will continue to get worse.

< Message edited by Marini -- 5/23/2010 7:18:53 PM >

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent
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RE: Global Economy = Global Recession/Depression? - 5/23/2010 6:46:25 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		My brother wont buy gold-- when it is "too high".   and he wont if it "goes down".

Things are going to get crazy-  so I am not too worried about it.  In relation to other assets- PMS are my pick. Right or wrong- that is my method-

(in reply to Marini)
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RE: Global Economy = Global Recession/Depression? - 5/23/2010 6:50:28 PM   
servantforuse


Posts: 6363
Joined: 3/8/2006
Status: offline 		Where have you been the last six months. Greece, Portugal and Spain already went down. Europe is in worse shape than we are. The IMF is spending billions trying to right a sinking ship. They got there the way we got there. Spending money that thry didn't have.

(in reply to Marini)
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RE: Global Economy = Global Recession/Depression? - 5/23/2010 6:51:17 PM   
rulemylife


Posts: 14614
Joined: 8/23/2004
Status: offline 		You've been beating this drum now for a long time but the facts don't match.

Every time there is a downturn in the market you repeat your doom and gloom scenario of a global depression.

Since you have started saying this the Dow has went from trading in the 6,000 range to climbing above 11,000.

And yes it has fallen from that due to the reasons you cited, but it is still well above 10,000 and there is no reason to believe an economic collapse is anywhere in the near future.

(in reply to Marini)
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RE: Global Economy = Global Recession/Depression? - 5/23/2010 6:53:14 PM   
Marini


Posts: 3629
Joined: 2/14/2010
Status: offline 		Actually, what I predicted in the"old drum" is sadly occurring.
In fact, things are worse than I even expected, and going downhill quickly.

This is a new drum!
This is about the "global economy"!
It is obvious to most people, which way the United States is headed, and it ain't pretty.
These days, watching the antics of the "global economy" is the new focus.

< Message edited by Marini -- 5/23/2010 6:54:52 PM >

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to rulemylife)
Profile   Post #: 5
RE: Global Economy = Global Recession/Depression? - 5/23/2010 6:53:20 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		We could explore the presidents working group on markets. 

google it.  I am doing my nails.

(in reply to rulemylife)
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RE: Global Economy = Global Recession/Depression? - 5/23/2010 6:54:59 PM   
servantforuse


Posts: 6363
Joined: 3/8/2006
Status: offline 		2 years ago the Dow was over 14,000. Now a little over 10,000. That is not good news for anyone.

(in reply to rulemylife)
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RE: Global Economy = Global Recession/Depression? - 5/23/2010 6:55:47 PM   
rulemylife


Posts: 14614
Joined: 8/23/2004
Status: offline
quote:

ORIGINAL: servantforuse

Where have you been the last six months. Greece, Portugal and Spain already went down. Europe is in worse shape than we are. The IMF is spending billions trying to right a sinking ship. They got there the way we got there. Spending money that thry didn't have.


No they got there the same way we allowed derivatives to cause so many problems here.

It's called greed and lack of regulation.

You know, all those free-market economy theories producing the expected result.

(in reply to servantforuse)
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RE: Global Economy = Global Recession/Depression? - 5/23/2010 6:56:14 PM   
Marini


Posts: 3629
Joined: 2/14/2010
Status: offline
quote:

ORIGINAL: servantforuse

2 years ago the Dow was over 14,000. Now a little over 10,000. That is not good news for anyone.


servant if it goes down to 6000, there are plenty of dumb asses that will still not be able to buy a clue.

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to servantforuse)
Profile   Post #: 9
RE: Global Economy = Global Recession/Depression? - 5/23/2010 6:58:15 PM   
rulemylife


Posts: 14614
Joined: 8/23/2004
Status: offline
quote:

ORIGINAL: servantforuse

2 years ago the Dow was over 14,000. Now a little over 10,000. That is not good news for anyone.


You mean it is not good news that it has been steadily climbing, keeping market fluctuations in mind?

(in reply to servantforuse)
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RE: Global Economy = Global Recession/Depression? - 5/23/2010 7:00:38 PM   
servantforuse


Posts: 6363
Joined: 3/8/2006
Status: offline 		Almost everyone has investments in the stock market and don't even know it. Some know it and can't get out because of 401 and other plan restrictions. Maybe even you.

(in reply to Marini)
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RE: Global Economy = Global Recession/Depression? - 5/23/2010 7:05:21 PM   
Marini


Posts: 3629
Joined: 2/14/2010
Status: offline
quote:

ORIGINAL: servantforuse

Almost everyone has investments in the stock market and don't even know it. Some know it and can't get out because of 401 and other plan restrictions. Maybe even you.


No doubt, we all are effected in one way or another.
I am able to make changes to my portfoilio without major restrictions.
I reduced my risk as much as possible, in 2008.
I feel we have not even glimpsed the bottom of the stock market, yet.
The only reason it is as high as it is now, is the money that has been poured into
propping things up.
 
This thread is about our very wonderful "global economy".

< Message edited by Marini -- 5/23/2010 7:15:14 PM >

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to servantforuse)
Profile   Post #: 12
RE: Global Economy = Global Recession/Depression? - 5/23/2010 7:15:15 PM   
servantforuse


Posts: 6363
Joined: 3/8/2006
Status: offline 		Steadily climbing dow ? It's down 10% last week alone. Maybe that will be Obama's spin for a failed economy this November ?

(in reply to Marini)
Profile   Post #: 13
RE: Global Economy = Global Recession/Depression? - 5/23/2010 7:20:33 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
quote:

ORIGINAL: servantforuse

2 years ago the Dow was over 14,000. Now a little over 10,000. That is not good news for anyone.

It is for buyers.

(in reply to servantforuse)
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RE: Global Economy = Global Recession/Depression? - 5/23/2010 7:23:14 PM   
servantforuse


Posts: 6363
Joined: 3/8/2006
Status: offline 		The reason it is at 10,000 is because there are very few buyers. They know it isn't going up to previous levels anytime soon.

(in reply to Musicmystery)
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RE: Global Economy = Global Recession/Depression? - 5/23/2010 7:32:27 PM   
Marini


Posts: 3629
Joined: 2/14/2010
Status: offline
quote:

ORIGINAL: Musicmystery


quote:

ORIGINAL: servantforuse

2 years ago the Dow was over 14,000. Now a little over 10,000. That is not good news for anyone.

It is for buyers.


Take off your rainbow shades.

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to Musicmystery)
Profile   Post #: 16
RE: Global Economy = Global Recession/Depression? - 5/23/2010 7:33:34 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
quote:

ORIGINAL: servantforuse

The reason it is at 10,000 is because there are very few buyers. They know it isn't going up to previous levels anytime soon.

There are millions of buyers everyday. Learn to look at volume of shares traded.

If there weren't buyers, sellers couldn't sell, and the market would stay frozen where it is.

(in reply to servantforuse)
Profile   Post #: 17
RE: Global Economy = Global Recession/Depression? - 5/23/2010 7:35:31 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
quote:

ORIGINAL: Marini
quote:

ORIGINAL: Musicmystery
quote:

ORIGINAL: servantforuse

2 years ago the Dow was over 14,000. Now a little over 10,000. That is not good news for anyone.

It is for buyers.


Take off your rainbow shades.

Will this be another thread where I point out simple facts and you complain I'm picking on you?

Look at the entire globe if you want to talk global depression. How about China and India? They're 40% of the population.

(in reply to Marini)
Profile   Post #: 18
RE: Global Economy = Global Recession/Depression? - 5/23/2010 7:38:24 PM   
Marini


Posts: 3629
Joined: 2/14/2010
Status: offline
quote:

ORIGINAL: Musicmystery


quote:

ORIGINAL: Marini
quote:

ORIGINAL: Musicmystery
quote:

ORIGINAL: servantforuse

2 years ago the Dow was over 14,000. Now a little over 10,000. That is not good news for anyone.

It is for buyers.


Take off your rainbow shades.

Will this be another thread where I point out simple facts and you complain I'm picking on you?

Look at the entire globe if you want to talk global depression. How about China and India? They're 40% of the population.


I don't mind you disagreeing with me, I love it that you remember our exchanges.
I was very careful to state SOME countries would be involved in the global depression, not all.
I never stated all the countries would be involved, that is why I carefully worded my OP, to state
"some countries" "global economy" "global recession/depression"
caveat emptor

< Message edited by Marini -- 5/23/2010 7:43:38 PM >

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to Musicmystery)
Profile   Post #: 19
RE: Global Economy = Global Recession/Depression? - 5/23/2010 7:41:56 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		Not much of a global depression. The U.S. isn't even involved--steady growth for the last three quarters.

What IS going on is poor economic policy vs. artificial supports for three EU countries.

Not a global depression. Not even close.

< Message edited by Musicmystery -- 5/23/2010 7:42:35 PM >

(in reply to Marini)
Profile   Post #: 20
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